Central Bancompany (NASDAQ:CBC) Reaches New 12-Month High – Should You Buy?

Shares of Central Bancompany (NASDAQ:CBC) reached a new 52-week high on Thursday . The company traded as high as $32.92 and last traded at $32.6660, with a volume of 711135 shares. The stock had previously closed at $32.45.

Analysts Set New Price Targets

A number of research firms have issued reports on CBC. Wall Street Zen raised shares of Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Piper Sandler restated an “overweight” rating and issued a $31.00 price target on shares of Central Bancompany in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price target on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their price objective on Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Stephens increased their price objective on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

Central Bancompany Trading Down 0.1%

The company’s 50-day moving average price is $30.02 and its two-hundred day moving average price is $26.72. The company has a market cap of $7.86 billion and a P/E ratio of 35.27.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $273.70 million during the quarter, compared to the consensus estimate of $267.74 million. Equities analysts forecast that Central Bancompany will post 1.94 earnings per share for the current year.

Central Bancompany Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were given a $0.12 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.48 annualized dividend and a yield of 1.5%. Central Bancompany’s payout ratio is 51.61%.

Institutional Investors Weigh In On Central Bancompany

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System bought a new stake in shares of Central Bancompany during the 1st quarter worth $26,000. Quarry LP acquired a new stake in shares of Central Bancompany during the fourth quarter worth $26,000. Alexander Labrunerie & CO. Inc. raised its position in shares of Central Bancompany by 7.1% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock worth $542,000 after purchasing an additional 1,508 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of Central Bancompany during the fourth quarter valued at $51,000. Finally, Arax Advisory Partners acquired a new position in shares of Central Bancompany in the 4th quarter valued at $55,000.

Central Bancompany Company Profile

Central Bancompany (NASDAQ: CBC) is a bank holding company that provides a range of banking and financial services through its subsidiary banks and nonbank affiliates. Headquartered in Jefferson City, Missouri, the company offers traditional deposit and lending products to individuals and businesses, including checking and savings accounts, certificates of deposit, consumer and commercial loans, and mortgage origination and servicing. Its operations emphasize relationship banking for local and regional customers.

In addition to core banking activities, Central Bancompany offers treasury and cash management services, online and mobile banking, and wealth management and trust services designed to support personal and business financial planning.